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Hedera Price Prediction: HBAR Breaks Trendline as Bulls Target $0.39 and Beyond
The post Hedera Price Prediction: HBAR Breaks Trendline as Bulls Target $0.39 and Beyond appeared on BitcoinEthereumNews.com. Hedera Hashgraph (HBAR) has broken out of a multi-year downtrend, signaling a potential shift in its long-term market structure. A decisive move above the $0.26–$0.29 resistance range on the monthly chart has caught the attention of analysts and traders, with key levels now aligning for a possible continuation toward $0.39. At the time of writing, HBAR is trading near $0.2385, following a recent correction that has cooled bullish momentum but not invalidated the broader breakout thesis. Monthly Breakout Signals End of Downtrend The monthly chart for HBAR/USDT, shared by analyst @Borsaanaliz07, confirms a breakout above a descending trendline that had suppressed the price since 2022. The close above the $0.26 resistance pivot suggests a potential end to the prolonged downtrend and opens a path toward the next technical resistance levels at $0.39200 and $0.75070. This structure, supported by both horizontal and diagonal technical confirmations, marks the first major bullish reversal since the 2021 cycle. Source: X Analyst Borsa Teknik has identified HBAR as a critical asset for the current cycle, citing the breakout’s structural significance. The presence of multiple higher timeframe support zones—including $0.18170 and $0.26480—provides a framework for spot accumulation. A monthly close above $0.26 will be essential to maintain the bullish narrative. Should momentum continue, targets between $0.39 and $0.75 remain viable over the medium term. Short-Term Weakness Emerges After Sharp Intraday Sell-Off Despite the promising breakout on the higher timeframe, HBAR has recently experienced notable short-term volatility. Over the past 24 hours, the token dropped by over 10% from a session high near $0.27 to a local low of $0.245, before stabilizing around $0.25. This decline was accompanied by elevated trading volume, reaching approximately $738.12 million, suggesting increased sell-side activity likely linked to broader market corrections or profit-taking following the July rally. Source: BraveNewCoin The intraday volume…
The post Hedera Price Prediction: HBAR Breaks Trendline as Bulls Target $0.39 and Beyond appeared on BitcoinEthereumNews.com.
Hedera Hashgraph (HBAR) has broken out of a multi-year downtrend, signaling a potential shift in its long-term market structure. A decisive move above the $0.26–$0.29 resistance range on the monthly chart has caught the attention of analysts and traders, with key levels now aligning for a possible continuation toward $0.39. At the time of writing, HBAR is trading near $0.2385, following a recent correction that has cooled bullish momentum but not invalidated the broader breakout thesis. Monthly Breakout Signals End of Downtrend The monthly chart for HBAR/USDT, shared by analyst @Borsaanaliz07, confirms a breakout above a descending trendline that had suppressed the price since 2022. The close above the $0.26 resistance pivot suggests a potential end to the prolonged downtrend and opens a path toward the next technical resistance levels at $0.39200 and $0.75070. This structure, supported by both horizontal and diagonal technical confirmations, marks the first major bullish reversal since the 2021 cycle. Source: X Analyst Borsa Teknik has identified HBAR as a critical asset for the current cycle, citing the breakout’s structural significance. The presence of multiple higher timeframe support zones—including $0.18170 and $0.26480—provides a framework for spot accumulation. A monthly close above $0.26 will be essential to maintain the bullish narrative. Should momentum continue, targets between $0.39 and $0.75 remain viable over the medium term. Short-Term Weakness Emerges After Sharp Intraday Sell-Off Despite the promising breakout on the higher timeframe, HBAR has recently experienced notable short-term volatility. Over the past 24 hours, the token dropped by over 10% from a session high near $0.27 to a local low of $0.245, before stabilizing around $0.25. This decline was accompanied by elevated trading volume, reaching approximately $738.12 million, suggesting increased sell-side activity likely linked to broader market corrections or profit-taking following the July rally. Source: BraveNewCoin The intraday volume…
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